Usha Martin Ventures Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
USHAMART · price
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Awaiting price reaction for this filing.
Usha Martin Ventures Limited, part of the promoter and promoter group of Usha Martin Limited, has filed a yearly disclosure under SEBI's takeover regulations. The filing confirms that the promoters, promoter group, and persons acting in concert have NOT created any encumbrance (pledge, lien, or charge) on their shares in Usha Martin Limited during the financial year ended 31 March 2025. The disclosure covers 13 promoter and promoter-group entities, including Basant Kumar Jhawar and Prashant Jhawar (classified as promoters) and other family members and group entities such as Peterhouse Investments and Jhawar Venture Management.
This is a routine year-end negative confirmation and is broadly positive for shareholders — it signals that the promoter group did not pledge additional shares during the year, reducing concerns over forced-sale risk or margin pressure on the promoter holding.